- What is the average cost of renters insurance in Arkansas?
- Best renters insurance company in Arkansas: Farm Bureau Mutual Ins Co of AR
- Cheapest renters insurance in Arkansas
- Arkansas renters insurance: The least and most expensive ZIP codes
- Renters insurance cost in Arkansas by city
- How to save on renters insurance in Arkansas
- Methodology
- FAQ: Arkansas renters insurance
- Compare Arkansas renters insurance rates with other states
What is the average cost of renters insurance in Arkansas?
The average cost of renters insurance in Arkansas is $346 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.
"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."
| Average annual premium | $346 |
| Average monthly premium | $29 |
Best renters insurance company in Arkansas: Farm Bureau Mutual Ins Co of AR
Among the carriers surveyed, Farm Bureau Mutual Ins Co of AR is the best renters insurance company in Arkansas, with a top score and an average renters insurance rate of $292.
Auto-Owners and Shelter Insurance are the other best insurance companies for renters insurance in Arkansas.
Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.
To help you choose the best renters insurance in Arkansas, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
Below are the best renters insurance companies in Arkansas.
| Company | Average annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Farm Bureau Mutual Ins Co of AR | $292 | A | 0.04 | 5 |
| Auto-Owners | $390 | A++ | 0.33 | 4.56 |
| Shelter Insurance | $336 | A | 0.42 | 4.37 |
| Farmers | $395 | A | 0.54 | 4.09 |
| State Farm | $203 | A++ | 0.95 | 4.02 |
| Nationwide | $235 | A+ | 0.87 | 3.99 |
| Allstate | $441 | A+ | 0.9 | 3.58 |
| Travelers | $920 | A++ | 0.54 | 3.3 |
Cheapest renters insurance in Arkansas
Our analysis shows that State Farm is the cheapest renters insurance company in Arkansas, with an average annual premium of $203.
Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.
Here is the list of the cheapest renters insurance companies in Arkansas along with their average annual premiums.
| Company name | Average annual premium |
|---|---|
| State Farm | $203 |
| Nationwide | $235 |
| Farm Bureau Mutual Ins Co of AR | $292 |
| Shelter Insurance | $336 |
| Auto-Owners | $390 |
| Farmers | $395 |
| Allstate | $441 |
| Travelers | $920 |
| USAA | $212 |
Renters insurance calculator
Average renters insurance rates in ArkansasMost & least expensive ZIP codes for renters insurance in Arkansas
| ZIP code | City | Highest rate |
|---|---|---|
| 72391 | West Ridge | $404 |
| 72310 | Armorel | $404 |
| 72475 | Waldenburg | $401 |
| 72377 | Rivervale | $400 |
| ZIP code | City | Lowest rate |
|---|---|---|
| 72717 | Canehill | $290 |
| 72758 | Rogers | $291 |
| 72703 | Fayetteville | $291 |
| 72704 | Fayetteville | $292 |
Arkansas renters insurance: The least and most expensive ZIP codes
Where you live in Arkansas directly affects the cost of your renters insurance. The most expensive ZIP code in Arkansas is 72391, where the average annual premium is $404. This is $58 more than higher than the average rate.
In contrast, the least expensive ZIP code for renters insurance is 72717, offering coverage at $290 a year.
The table below shows the most and least expensive ZIP codes in Arkansas for renters insurance.
| ZIP code | Average annual rate |
|---|---|
| 72391 | $404 |
| 72475 | $401 |
| 72352 | $398 |
| 72441 | $397 |
| 72474 | $396 |
| 72405 | $393 |
| 72462 | $393 |
| 72123 | $392 |
| 72327 | $387 |
| 72139 | $387 |
| ZIP code | Average annual rate |
|---|---|
| 72717 | $290 |
| 72758 | $291 |
| 72745 | $293 |
| 72719 | $293 |
| 72751 | $294 |
| 72753 | $295 |
| 72761 | $296 |
| 72732 | $297 |
| 72774 | $299 |
| 72722 | $300 |
Renters insurance cost in Arkansas by city
In Arkansas, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.
City Annual insurance premium
How to save on renters insurance in Arkansas
You can lower the cost of renters insurance in Arkansas in several simple ways without reducing the coverage you need:
- Bundle your policies. Many insurers give a discount when you purchase renters and auto insurance together.
- Increase your deductible. Selecting a higher deductible lowers your monthly or yearly premium, but you should make sure you can afford it.
- Ask about discounts. Many insurance companies offer discounts for having smoke alarms, security systems, or a claims-free history.
- Compare quotes. Since prices vary widely between companies, getting quotes from multiple insurers helps you find the best deal.
- Pay annually. Some insurers provide a small discount if you make yearly payment instead of paying monthly.
Methodology
Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.
FAQ: Arkansas renters insurance
Do I need renters insurance in Arkansas?
You do not legally require renters insurance, but your landlord may require you to carry a policy as part of your lease agreement.
How much renters insurance do I need in Arkansas?
You should make sure your personal property coverage is sufficient to replace all of your belongings at replacement cost; there is no minimum requirement.
Compare Arkansas renters insurance rates with other states
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